Market Roundup Report ( Dec.17,3024)

The Dow Jones index has closed down nine consecutive sessions. That does not happen often. The Feds Chairman’s interest rate announcement after the conclusion of the FOMO meeting tomorrow will surely impact the market, most likely more dramatically after 2pm. The bears were in command at today’s session but the market will always do whatever it wishes to do. We might go straight to the early days of a Santa Claus rally or the bearish mode may persist a few more days. We do not predict the market, we analyze and follow trends and patterns. In the meantime Tesla’s stock continues to “defy gravity”. The stock looks extended but who cares as long as the Trump rally persist even if for Tesla stock only. The Trump rally has surely ended for the general market.